You are a financial advisor at Investo Ltd. Your client would like to explore the possibility of an arbitrage opportunity on a futures contract with the following features: The futures contract will expire in 9 months. The underlying asset is a share with a price of R60. The share is a non-dividend paying stock. The risk-free interest rate per month is 0.90%. The intrinsic or fair value of the futures is estimated to be R65,04. Assume that the actual futures price available in the market is R64. Required: 2.1. Ignoring transaction and other costs, detail